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Osisko Development ( (TSE:ODV) ) has issued an announcement.
On July 21, 2025, Osisko Development Corp. entered into a credit agreement with Appian Capital Advisory Limited for a senior secured project loan credit facility totaling US$450 million. This facility aims to fund the development and construction of the Cariboo Gold Project. The initial draw of US$100 million will be used for various activities, including a 13,000-meter infill drill campaign and repayment of existing debt. The credit facility is structured in two tranches and is expected to significantly impact the company’s operations and financial positioning by supporting the Cariboo Project’s development.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$5.25 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Spark’s Take on TSE:ODV Stock
According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.
The overall stock score reflects a mix of significant financial challenges and positive technical and corporate developments. The company’s financial performance is a major concern, with negative profitability and cash flow issues. However, the stock’s technical indicators are strong, and recent corporate events suggest potential for future growth, balancing the overall score.
To see Spark’s full report on TSE:ODV stock, click here.
More about Osisko Development
Osisko Development Corp. is a company involved in the mining industry, focusing on the development and construction of gold projects, particularly the Cariboo Gold Project located in British Columbia.
Average Trading Volume: 91,137
Technical Sentiment Signal: Hold
Current Market Cap: C$485.1M
See more insights into ODV stock on TipRanks’ Stock Analysis page.